Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending March 21, 2009

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST * 3A3 Community State Bank Employee Stock Ownership Plan and Trust, Union Grove, Wisconsin, to acquire an additional 2,796 shares, or up to 40 percent of the outstanding shares of Union Bancorporation, Inc., Union Grove, Wisconsin, and thereby indirectly increase its control of Community State Bank, Union Grove, Wisconsin.
Newspaper: 04/06/2009
Federal Register: 04/13/2009
FIRST MIDWEST BANK Investment
Other Foreign
Reg K - First Midwest Bank, Itasca, Illinois, to establish Calumet Investment Corporation, as an Agreement corporation, and to make an equity investment in, and provide a loan to Calumet Investment Corporation.
Newspaper: Not applicable
Federal Register: Not applicable
GRAND RIVER COMMERCE, INC. * 3A1 Grand River Commerce, Inc., Grandville, Michigan, to become a bank holding company by acquiring 100 percent of the voting shares of Grand River Bank (in organization), Grandville, Michigan.
Newspaper: 03/29/2009
Federal Register: 04/03/2009
MARSHALL & ILSLEY CORPORATION 4c8 Marshall & Ilsley Corporation, Milwaukee, Wisconsin and M&I LLC, Milwaukee, Wisconsin, proposes to acquire, indirectly through M&I Investment Management Corp., all of the assets, liabilities and business of Delta Asset Management Division of Berkeley Capital Management LLC, San Francisco, California, and thereby to engage in financial and advisory activities and agency transactional services.
Newspaper: Not applicable
Federal Register: 04/07/2009
MINIER FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS * 3A3 Minier Financial,Inc. Employee Stock Ownership Plan with 401(k) Provisions, Minier, Illinois, to increase its ownership of Minier Financial, Inc., Minier, Illinois, from 29 percent to up to 51 percent, and thereby increase its indirect ownership of First Farmers State Bank, Minier, Illinois.
Newspaper: Not available
Federal Register: 04/14/2009
OSB FINANCIAL CORPORATION * 3A1 OSB Financial Corporation, Brooklyn, Michigan, to become a bank holding company by acquiring 100 percent of the voting shares of OSB Community Bank, Brooklyn, Michigan.
Newspaper: Not available
Federal Register: 04/10/2009
RIVER VALLEY BANCORP, INC. CIC Notice by Robert C. Fick, Davenport, Iowa, for permission to acquire an additional 5 percent, for an aggregate ownership of 16 percent of River Valley Bancorp, Inc., Davenport, Iowa, and thereby indirectly Valley Bank, Moline, Illinois; Freedom Bank, Sterling, Illinois; and Valley Bank, Fort Lauderdale, Florida.
Newspaper: Not available
Federal Register: 03/24/2009


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
F&M BK-IA, MARSHALLTOWN, IOWA 689740 10/06/2008 03/09/2009 S Large Bank
JOHNSON BK, RACINE, WISCONSIN 58243 10/14/2008 03/09/2009 O Large Bank
MAQUOKETA ST BK, MAQUOKETA, IOWA 683449 11/03/2008 03/05/2009 O Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco